Netflix global expansion faces a new threat. Video streaming providers around the world are starting a global alliance to hinder its further international expansion.
Sectors
India to resume oil import as Tehran emerge from sanctions
With the lifting of international sanctions from Tehran, India would be able to recommence its unobstructed oil import from the Persian Gulf country. Iran is anticipated to boost its oil export of 1.1 million barrels per day by 500,000, according to the Indian Oil Cooperation.
China is Expected to Post its Worst Annual Economic Growth in 25 Years
China is set to report its weakest full-year growth figure in 25 years. The official GDP data will be published by China’s National Bereau of Statistics on Tuesday.
Microsoft Turning End To Lumia Era Through Lumia 650, Focusing On Surface Phone
Microsoft is probably going to bury the business with Lumia handsets and going to introduce the last smart phone by February, the Lumia 650. The Lumia 750 and 850 are still in line, but the tech giant intends to concentrate on surface phone. Burying the “Lumia” name, most likely means Microsoft has something else in mind for the near future.
Trader Joe's recalls Raw Cashew Pieces over fear of salmonella contamination
Trader Joe’s recalled all its Raw Cashew Pieces in stores in 30 states on fears of one group may have Salmonella contamination.
Latest News
Vietnam‘s economy is steadily expanding at near 7 percent this year, making it one of the world’s fastest-growing markets amidst global market turmoil.
Researchers from King's College in London have successfully developed an app to predict risk of premature birth. The app has been tested in two studies and is now available at Apple's App Store.
UK-based Oil giant BP Plc plans to trim 4,000 jobs in its crude-oil production unit as crude oil price slump.
Honda showcases its newly redesigned 2017 Ridgeline during the Detroit Auto Show last Monday. The new pickup truck design makes the owner forget that they are riding a unibody platform.
The Bank of Canada is expected to cut interest rates on Wednesday and not many are favoring the move. Many are worried that the rate cut will damage the already weakened Canadian dollar, among other worries.
HBO planned its Internet channel in Spain at the end of this year, enabling people in Spain to access HBO streaming service. The company will challenge Netflix at new vanguard of European market.
Venture capitalist poured a total of $37 billion worth of funds to start-ups in China in 2015, making it the biggest challenger to the leader in the Tech industry, which is the US.
Developers of revolutionary products with $1 billion in valuation are called unicorns, and there are so many of them sprouting. Most of them are in California. There are some who fear of another bubble, but most dismiss this forecast.
Nickel and copper lead the gains on the London Metal Exchange as Chinese equity market gained, which calmed concerns over financial turmoil in the world’s second largest economy.
